Finance

Balancer Launches Stable Pools As Third Liquidity Pool By CoinQuora

Balancer Launches Stable Pools As Third Liquidity Pool
  • Balancer is adding a third liquidity pool to its ecosystem.
  • The new pool is a stable pool for similarly priced assets.
  • Also, Balancer is the first DeFi AMM to have three liquidity pools.

Top DeFi protocol, Balancer, is launching stable pools to give traders lower fees and improved value. The pools will be available on Balancer v2 and follow the recent launch of Element.fi pools.

To clarify, the Element protocol deployed on to following a successful testnet launch. In addition, the protocol will initially undergo a 3-month crvLUSD term. After this, Balancer will add new assets depending on liquidity and demand.

On the other hand, stable pools bear many benefits for both traders and liquidity providers. This is because the pool only includes assets traded at a similar price. As such, the pool vastly increases capital efficiency for like-kind swaps, for example.

Also, traders can enjoy tighter spreads…

This article was first published on coinquora.com

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